Whales Move Large Amounts for Seven Straight Trading Days, Will Bitcoin Waver Again?

▲ Bitcoin whale ©CoinReaders

As Bitcoin (BTC) repeatedly fails to reclaim the $70,000 level, a sharp increase in whale inflows to exchanges is once again heightening market tension. Analysts are divided on whether this reflects simple profit-taking or signals the beginning of stronger selling pressure.

According to crypto media outlet Bitcoinist on February 13 (local time), a CryptoQuant report noted that as Bitcoin recently dipped temporarily below $60,000, anxiety spread even among large holders. While whales are generally regarded as long-term and rational capital, the data suggests that they also react quickly to market stress, displaying defensive or opportunistic behavior.

In particular, whale inflows to Binance have stood out. As Bitcoin declined from around $95,000 to the $60,000 range, the average monthly inflow increased from about 1,000 BTC to 3,000 BTC. On February 6 alone, approximately 12,000 BTC flowed in, marking a sharp spike. Since early February, there have been seven trading days with more than 5,000 BTC in daily inflows, indicating ongoing position adjustments by large investors.

Typically, increased whale inflows to exchanges are associated with expanding selling pressure. In an environment of reduced market liquidity, such large transfers can amplify short-term price volatility. This movement is interpreted not as simple holding, but as active risk management or distribution strategies.

Technical indicators are also adding pressure. After forming lower highs following the $90,000–$95,000 peak range, Bitcoin fell below $70,000. Trading below key moving averages, upward momentum appears to be weakening. During the recent decline, trading volume increased, raising the possibility of distribution or forced deleveraging rather than gradual profit-taking.

The $60,000–$62,000 range has now emerged as a critical support zone. If this level holds, the market could transition into a period of sideways stabilization; however, a breakdown would open the door to further correction. The market remains highly sensitive to macro liquidity conditions, institutional capital flows, and changes in derivatives positions, with whale fund movements emerging as a key variable in gauging short-term direction.

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